Is Halma (HLMAF) Stock Outpacing Its Industrial Products Peers This Year?

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Halma (HLMAF) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Halma is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Halma is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for HLMAF's full-year earnings has moved 3.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, HLMAF has moved about 37.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 3.8%. This means that Halma is outperforming the sector as a whole this year.Another stock in the Industrial Products sector, Trimble Navigation (TRMB), has outperformed the sector so far this year. The stock's year-to-date return is 11.9%.In Trimble Navigation's case, the consensus EPS estimate for the current year increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Halma belongs to the Security and Safety Services industry, a group that includes 17 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 24.4% so far this year, so HLMAF is performing better this group in terms of year-to-date returns. In contrast, Trimble Navigation falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #146. Since the beginning of the year, the industry has moved +5.4%.Investors with an interest in Industrial Products stocks should continue to track Halma and Trimble Navigation. These stocks will be looking to continue their solid performance.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halma (HLMAF): Free Stock Analysis Report Trimble Inc. (TRMB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks